FINANCIAL_SERVICESPENDING

Community college debt restructuring with VCBA authorized

The State Board for Community Colleges authorized the Virginia Community College System to restructure all or part of its existing indebtedness with the Virginia College Building Authority under the Commonwealth’s COVID-19 Debt Restructuring Program. Designated officers may negotiate new terms, pledge general revenues, and execute all required documents, subject to Treasury Board approval of the financing terms.

Status
PENDING
Document date
November 19, 2020
Contract type
FINANCIAL_SERVICES
Vendor
Virginia College Building Authority
Agency
Virginias Community Collages · VA

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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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Veritone logo
TerraCycle logo
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WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Renewal
Resolution permits restructuring of existing Authority debt, including extending payment terms and modifying other terms, with the principal amount of any new obligation limited to principal, interest, and allowable reserves and issuance costs; interest rate and restructuring terms are to be determined by the Authority and approved by the Treasury Board. No specific maturity dates or automatic renewal provisions are provided.
Document type
Resolution
Source document
patrick-henry-community-collegeresolution2020-11-19_67b.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Virginias Community Collages?

Virginia College Building Authority was awarded this financial services contract by Virginias Community Collages, as recorded on November 19, 2020.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in patrick-henry-community-collegeresolution2020-11-19_67b.pdf (Resolution), dated November 19, 2020 from Virginias Community Collages. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Virginia College Building Authority hold?

Virginia College Building Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Virginias Community Collages currently buying?

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